The expected potential impact of the results of this action on the SMEs that have been serviced is estimated to be related to promoting growth and strengthening the competitiveness and sustainability of this SMEs.
It is not easy to measure the expected impact, as it will vary from one SME to another, and can involve one or multiple aspects, but these indicators can be used to have an approximation:
• Market improvement or results, such as an increase in market share or turnover.
• Cost savings, such as the cost of material, energy or labour inputs, linked to products or services from the SME.
• Organically job creation or maintenance.
• Quality improvement: quality of goods and services, the satisfaction of clients or business partners, or the improvement of the company's environmental record, working conditions, or health and safety standards.
• Innovation, such as embracing an innovation or an innovative technology or process, or by improving its innovation strategy or innovation (management) capacities.
In relation to COSME programme, five of the SMEs are receiving in parallel some of the COSME programme services, such as advisory services and partnering services.
The objective in the Implementation Strategy related to this action which is the establishment of a feasible and effective service for enhancing the innovation management capacity of SMEs in the Balearic Islands region is being successfully accomplished. IBINNO Consortium is acting as the access point to the innovation and internationalisation system in the Balearic Islands region, embedding the Enterprise Europe Network innovation services in the regional innovation ecosystem.
